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Short Ideas: Materials ETF (XLB) Clean Short | Arkansas Best Financial (ABFS)
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Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
ABFS
The Gaul!
I’ve read about novels written by Koreans and Japanese by cell phone. The pointlessness of that is Matched only by its difficulty, as I stand here on a cool Parisian morning typing this out one character at a time while I wait in line in front of the Air France ticket office.
The latest word is that flights are re-opening, but between the huge backlog of passengers and the tenuous nature of the re-opening, I have my doubts about even making it home by Sunday.
As for my trading, it’s been going pretty well during my stay. Last Wednesday stunk, but otherwise a bearish tilt has served me well. I lightened up considerably Monday morning, and my largest positions now are a long in GLD and a short in TLT. A long position in TWM is my only large bearish equity position.
A push to about 1200 and a resumption down about 50 points smells about right to me. Now that the government has grown a pair and is willing to take on the Anti-Christ, it has emboldened both governments and corporations alike. I never thought I’d actually cheer on AIG, but I am. Go get ’em! GS must be destroyed.
I know you’re probably weary of my saying so, but Leisa has held this place together. In fact, traffic is on the way up! So bless you, dear Leisa, for being the uber-Sloper.
That’s enough typing by iPhone for now. I’ll keep everyone posted on the progress of this Volcano-induced adventure.
MOS – Breakdown (by Goatmug)
A breakdown in MOS is fully underway. I've been watching this stock with anticipation.
I will present a few views of the stock. Here is a weekly view of MOS. MOS is currently trading at $52.59 as I'm typing. Support, (which has been breached) is found at $52.75 and as I am typing the fertilizer company is punching through to the downside.
Below is a 2 year daily view of MOS.
Finally, here is a close up daily view.
Target for this short is $48.00
Stop – $53.25
For those that look at long term trend breakdowns such as the 14/34 EMA the 14 day EMA has turned down, but has not crossed over the 34 indicating a long term breakdown and change. Therefore I simply have identified the $48 area as a target for this short. If that 14 day EMA does cross over, I'd obviously retain the short for a longer term trade.
Goatmug
